Market Overview:
The global precision farming equipment market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as the increasing demand for food owing to the growing population, rising awareness about precision farming techniques, and technological advancements in agricultural equipment. The global precision farming equipment market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into soil tillage machinery, planting and fertilizing machinery, crop harvesting machinery, and other agricultural equipments. Soil tillage machinery dominates the global precision farming equipment market due to its widespread use in various applications such as land preparation before planting crops or seeds; incorporation or mixing of organic matter into soil; controlling weeds; breaking clods; aerating soil; and others. On account of its benefits over traditional methods such as reduced fuel consumption by up to 50%, improved seed placement accuracy by up to 95%, increased yields by up 10-15%, lower labor requirements by around 60%, higher returns on investment (ROI), etc., adoption rates for modern planting & fertilizing machineries are increasing rapidly across regions worldwide which is anticipated to boost this segment’s growth during forecast period 2018-2030 . However ,crop harvesting machineries are projectedto witness highest CAGR over next decade owingto their ability toreplace traditional methods with high degreeof automationand accuracy .
Product Definition:
Precision farming equipment is a term used to describe any type of technology used in agriculture that helps farmers more accurately map and manage inputs on their farms. This type of technology can include GPS mapping tools, yield monitors, and auto-steer systems. The goal of precision farming is to help farmers achieve more accurate yields and better understand the variability within their fields so they can make better decisions about where, when, and how much to apply inputs like fertilizer, seed treatments, or herbicides.
Soil Tillage Machinery,:
Soil tillage machinery is used for moving the soil or ground cover in a controlled manner for farming. Tillage refers to the process of preparing land for agriculture by removing rocks, roots, and other natural materials that lie deep beneath the surface layer of soil. The basic tillage equipment includes cultivators, seeders, and planters. These are used to cultivate crops on farms with minimal environmental damage.
Planting And Fertilizing Machinery:
Planting and fertilizing machinery is used to place the seeds in the desired location, control their growth, and provide them with required nutrients. The precision farming equipment market includes various types of planting and fertilizing machinery such as planters, seeders, soil mixers among others.
Application Insights:
The application segment includes grain planting, fruit and vegetable planting, and other applications. The precision farming equipment market for grain planting is anticipated to witness the highest growth over the forecast period owing to increasing demand for high-yield seeds, soil conditioners and fertilizers in order to achieve higher crop productivity.
Precision agriculture has enabled farmers around the world to increase their production capabilities while observing greater accuracy in planning cultivation activities such as field mapping & analysis of soil characteristics; identification of critical areas of land; monitoring & evaluation of water & fertilizer requirements; identifying problem areas such as erosion or compaction with solutions that are easy to implement on-farm. These solutions provide a one-stop solution by combining advanced analytics with smart technologies enabling farmers around the globe make better decisions about their farms¢â‚¬â„¢ operations.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a CAGR of XX% during the forecast period. This growth can be attributed to various factors including increasing awareness about the importance of farming, rising adoption of precision agriculture techniques, and favorable government initiatives. For instance, in 2015, Congress passed a bill called “The Farm Bill†which legalized certain types of technologies such as soil moisture monitoring systems and yield monitors for use on organic farms as well as conventional farms.
Asia Pacific is expected to grow at an exponential rate throughout the forecast period owing to several factors such as rapidly expanding agricultural sector in China and India due to growing population along with increasing per capita income among farmers resulting into higher demand for advanced farm equipment that would help increase productivity & profits across various crops & regions globally over next eight years from 2018 till 2026 timeframe).
Growth Factors:
- Increasing demand for food due to population growth
- Rising awareness about the benefits of precision farming equipment
- Technological advancements in precision farming equipment
- Government initiatives and subsidies for the adoption of precision farming equipment
- Growing demand from emerging markets
Scope Of The Report
Report Attributes
Report Details
Report Title
Precision Farming Equipment Market Research Report
By Type
Soil Tillage Machinery,, Planting And Fertilizing Machinery, Crop Harvesting Machinery, Other
By Application
Grain Planting, Fruit Planting, Vegetable Planting, Other
By Companies
Deere, Precision Planting, Raven Industries, Trimble Navigation, AgJunction, AGLeader Technology, IntegriNautics, Schmidt and Sons, Spraying Systems, Deere
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
126
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.
Global Precision Farming Equipment Market Report Segments:
The global Precision Farming Equipment market is segmented on the basis of:
Types
Soil Tillage Machinery,, Planting And Fertilizing Machinery, Crop Harvesting Machinery, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Grain Planting, Fruit Planting, Vegetable Planting, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Deere
- Precision Planting
- Raven Industries
- Trimble Navigation
- AgJunction
- AGLeader Technology
- IntegriNautics
- Schmidt and Sons
- Spraying Systems
- Deere
Highlights of The Precision Farming Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Soil Tillage Machinery,
- Planting And Fertilizing Machinery
- Crop Harvesting Machinery
- Other
- By Application:
- Grain Planting
- Fruit Planting
- Vegetable Planting
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Precision Farming Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Precision farming equipment is a type of agricultural machinery that helps farmers to more accurately and efficiently manage their land. Precision farming tools help farmers to identify and correct problems with their crops, such as over- or under-planting, before they become too big or severe.
Some of the key players operating in the precision farming equipment market are Deere, Precision Planting, Raven Industries, Trimble Navigation, AgJunction, AGLeader Technology, IntegriNautics, Schmidt and Sons, Spraying Systems, Deere.
The precision farming equipment market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Precision Farming Equipment Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Precision Farming Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Precision Farming Equipment Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Precision Farming Equipment Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Precision Farming Equipment Market Size & Forecast, 2018-2028
4.5.1 Precision Farming Equipment Market Size and Y-o-Y Growth
4.5.2 Precision Farming Equipment Market Absolute $ Opportunity
Chapter 5 Global Precision Farming Equipment Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Precision Farming Equipment Market Size Forecast by Type
5.2.1 Soil Tillage Machinery
5.2.2
5.2.3 Planting And Fertilizing Machinery
5.2.4 Crop Harvesting Machinery
5.2.5 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Precision Farming Equipment Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Precision Farming Equipment Market Size Forecast by Applications
6.2.1 Grain Planting
6.2.2 Fruit Planting
6.2.3 Vegetable Planting
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Precision Farming Equipment Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Precision Farming Equipment Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Precision Farming Equipment Analysis and Forecast
9.1 Introduction
9.2 North America Precision Farming Equipment Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Precision Farming Equipment Market Size Forecast by Type
9.6.1 Soil Tillage Machinery
9.6.2
9.6.3 Planting And Fertilizing Machinery
9.6.4 Crop Harvesting Machinery
9.6.5 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Precision Farming Equipment Market Size Forecast by Applications
9.10.1 Grain Planting
9.10.2 Fruit Planting
9.10.3 Vegetable Planting
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Precision Farming Equipment Analysis and Forecast
10.1 Introduction
10.2 Europe Precision Farming Equipment Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Precision Farming Equipment Market Size Forecast by Type
10.6.1 Soil Tillage Machinery
10.6.2
10.6.3 Planting And Fertilizing Machinery
10.6.4 Crop Harvesting Machinery
10.6.5 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Precision Farming Equipment Market Size Forecast by Applications
10.10.1 Grain Planting
10.10.2 Fruit Planting
10.10.3 Vegetable Planting
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Precision Farming Equipment Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Precision Farming Equipment Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Precision Farming Equipment Market Size Forecast by Type
11.6.1 Soil Tillage Machinery
11.6.2
11.6.3 Planting And Fertilizing Machinery
11.6.4 Crop Harvesting Machinery
11.6.5 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Precision Farming Equipment Market Size Forecast by Applications
11.10.1 Grain Planting
11.10.2 Fruit Planting
11.10.3 Vegetable Planting
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Precision Farming Equipment Analysis and Forecast
12.1 Introduction
12.2 Latin America Precision Farming Equipment Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Precision Farming Equipment Market Size Forecast by Type
12.6.1 Soil Tillage Machinery
12.6.2
12.6.3 Planting And Fertilizing Machinery
12.6.4 Crop Harvesting Machinery
12.6.5 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Precision Farming Equipment Market Size Forecast by Applications
12.10.1 Grain Planting
12.10.2 Fruit Planting
12.10.3 Vegetable Planting
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Precision Farming Equipment Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Precision Farming Equipment Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Precision Farming Equipment Market Size Forecast by Type
13.6.1 Soil Tillage Machinery
13.6.2
13.6.3 Planting And Fertilizing Machinery
13.6.4 Crop Harvesting Machinery
13.6.5 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Precision Farming Equipment Market Size Forecast by Applications
13.10.1 Grain Planting
13.10.2 Fruit Planting
13.10.3 Vegetable Planting
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Precision Farming Equipment Market: Competitive Dashboard
14.2 Global Precision Farming Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Deere
14.3.2 Precision Planting
14.3.3 Raven Industries
14.3.4 Trimble Navigation
14.3.5 AgJunction
14.3.6 AGLeader Technology
14.3.7 IntegriNautics
14.3.8 Schmidt and Sons
14.3.9 Spraying Systems
14.3.10 Deere
